SoftBank Gets Upsized $11.9 Billion Loan in OpenAI Funding Push
SoftBank Group Corp. secured an $11.87 billion loan to support its investment in US artificial intelligence firm OpenAI, people familiar with the matter said, up from its earlier target of $10 billion.The Japanese conglomerate sealed the two-year facility last week, attracting commitments from around 20 banks, said the people, asking not to be identified because they’re not authorized to speak publicly....
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